Business

Tata Motors is poised to commence bookings for the Harrier EV, a pioneering electric SUV that introduces all-wheel-drive (AWD) technology to India’s EV market. Starting at Rs 21.49 lakh (ex-showroom), the Harrier EV offers both rear-wheel-drive (RWD) and all-wheel-drive (QWD) variants, with the latter priced from Rs 28.99 lakh. Equipped with a 75kWh battery and dual motors delivering 504Nm torque, the AWD model promises an impressive range of up to 622 kilometers on a single charge.

Skyways Air Services Ltd, a leading player in air freight forwarding and logistics, has initiated its journey towards a public listing by filing a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). The company plans to raise capital through a combination of a fresh issue and an offer for sale, aiming to strengthen its balance sheet by repaying debt and enhancing working capital. Founded in 1984 as a Custom House Agent, Skyways has evolved into a comprehensive logistics provider with revenues exceeding Rs. 1,289 crore in FY24.

Ample Parks, a joint venture between global sustainable infrastructure investor Actis and Mahindra Lifespaces, has launched its flagship Grade-A industrial and logistics park in Chennai. Located within Mahindra World City, the Rs. 800-crore project spans 71 acres and aims to lease out 2.1 million sq ft of premium industrial space. Strategically positioned in the Singaperumal Koil industrial corridor, the development is expected to generate Rs. 110 crore in annual revenue and create over 11,000 jobs.

German luxury carmaker Audi reported a steep 63% decline in its India retail sales during the first half of 2025, delivering just 2,128 units compared to 2,477 units during the same period last year. The downturn is attributed to rising vehicle prices, currency-driven cost pressures, and macroeconomic headwinds from global geopolitical instability. Despite the slump, Audi remains optimistic about the Indian luxury auto market, particularly with the upcoming festive season.

Bajaj Auto, one of India’s leading two-wheeler and commercial vehicle manufacturers, posted a modest 1% year-on-year growth in total sales for June 2025, reaching 3,60,806 units. While domestic sales contracted by 13% due to softer demand across key segments, the company's international performance stood out with a 21% surge in exports, offsetting the domestic dip. The figures highlight a shifting growth strategy leaning on global markets as domestic consumption faces headwinds.

Raymond Realty Ltd, the real estate arm of the iconic Raymond Group, officially made its market debut on Indian stock exchanges this Tuesday, following a strategic demerger. The stock opened at Rs. 1,005 on the BSE and rose nearly 5% by mid-day. On the NSE, it followed a similar trajectory. With a market capitalization surpassing Rs. 6,500 crore, the listing reflects strong investor interest and confidence in the firm’s standalone prospects.

GX Group, a leading Indian broadband equipment manufacturer, has announced a strategic partnership with Ingram Micro India to facilitate the distribution of its products across Southeast Asian markets. This collaboration aims to propel the adoption of fiber optic broadband infrastructure, leveraging GX Group’s advanced connectivity solutions and Ingram Micro’s extensive distribution network. As one of the 42 telecom gear manufacturers eligible under India’s production-linked incentive (PLI) scheme, GX Group is poised to elevate the global presence of “Made in India” technology.